9 August 2018 13:45
Photo : Freepik
The net profit of Sun Life Financial was $ 706 Million during the second quarter of 2018, compared to 574 Million during the second quarter of 2017, an increase of 23 %. Sun Life explains this growth by the growth of the business and the favourable results achieved in terms of morbidity.
For canadian operations, the ratio of the solvency Test for life insurers (TSAV) of Sun Life of Canada is set to 134 % at June 30, 2018.
Mixed results in underwriting
In Canada, sales of individual life insurance are on the rise from 15.7 % in the second quarter of 2018, compared to the second quarter of 2017. They have reached 266 M$. The increase was attributable among others to the increase in the volume of our sales of major contracts in the group insurance and individual insurance, the company says.
Subscriptions are, however, to the 19.6% decline in wealth management, for this period of comparison. They have reached 3,039 G$ in the second quarter of 2018.